CDOs

consolidation among managers of collateralized loan obligations has slowed

Arbor Realty Trust plans to issue CLOs backed by commercial real estate on a regular basis, Gene Kilgore, executive vice president of structured securitization said today.

The biggest impediment to the recovery of the European CLO market is the lack of loan issuance in the region, according to panelists at IMN's industry conference.

This is only days before the American Securitization Forum (ASF) is scheduled to host its annual conference, also in Last Vegas.

Pricing has emerged on a $500 million collateralized loan obligation that Bank of America is marketing for CVC Credit Partners.

The Loan Syndications and Trading Association is proposing a new risk retention plan for CLOs that meets the Dodd-Frank Act's requirements while allowing market players to originate new CLOs.

CNO Financial closed on the $413 million Cedar Creek CLO, its fourth collateralized loan obligation.

editors letter

Banks are expected to start buying riskier portions of collateralized loan obligations (CLOs) in response to a deposit-insurance rule change that takes effect this month.

In the week ended March 22, Moody’s Investors Service assigned new provisional or definitive ratings to seven collateralized loan obligations totalling $3.8 billion.

The catalysts were changes in the models used by Fitch, adverse selection in older mortgage pools, and the sovereign crisis in Europe.

A deposit-insurance rule change that takes effect April 1 has been spurring issuance of collateralized loan obligations, according to Barclays.

Banks are expected to start buying riskier portions of collateralized loan obligations in response to a deposit-insurance rule change that takes effect next month.

Pinebridge Investments said today it closed its first collateralized loan obligation of 2013 after upsizing the deal to $598 million.

Moody’s Investors Service has changed how it incorporates sovereign risk into structured finance transactions.

RBS Securities is arranging a $400 million collateralized loan obligation for Denali Capital LLC, according to a presale report from Moody’s Investors Service.

Senior CLO noteholders awake to the strong possibility that recent vintage deals could be called, and are taking steps to mitigate the risk, according to analysts at the Royal Bank of Scotland.

Ares Capital is preparing a collaterlize loan obligation that will acquire 70% of its intitial portfolio through a participation agreement with one of the firm's other funds.